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$125.2 million ADB loan to upgrade NE roads

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NEW DELHI, Feb 18 � In a move aimed at boosting road connectivity in the North-East, the Asian Development Bank (ADB) and the Government of India today signed a USD 125.2 million loan for upgrading roads in the North Eastern Region. The project is expected to be completed by September 30, 2019 with improvements to more than 236 km of roads in Assam, Manipur, Mizoram and Tripura.

Joint Secretary (Multilateral Institutions) Department of Economic Affairs, Nilaya Mitash signed for the Government of India. The project agreements were signed by Director, Ministry of Development of North Eastern Region K Guite, Secretary, public works department, Government of Assam; J N Sharma, Additional Chief Secretary, Government of Manipur; RR Rashmi, Resident Commissioner, Government of Mizoram Ranbir Singh and additional Chief Engineer, Public Works Department, Government of Tripura Sukamal Bhattacharjee.

�By upgrading these roads we will be able to improve mobility and accessibility for many communities that will help provide new economic opportunities, boost growth and reduce poverty,� said Country Director of ADB�s India Resident Mission M Teresa Kho, who signed the second tranche of the loan under the North Eastern States Roads Investment Programme, on behalf of ADB.

The North Eastern States Roads Investment Programme is designed to reconstruct roads in the North Eastern States.

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$125.2 million ADB loan to upgrade NE roads

NEW DELHI, Feb 18 � In a move aimed at boosting road connectivity in the North-East, the Asian Development Bank (ADB) and the Government of India today signed a USD 125.2 million loan for upgrading roads in the North Eastern Region. The project is expected to be completed by September 30, 2019 with improvements to more than 236 km of roads in Assam, Manipur, Mizoram and Tripura.

Joint Secretary (Multilateral Institutions) Department of Economic Affairs, Nilaya Mitash signed for the Government of India. The project agreements were signed by Director, Ministry of Development of North Eastern Region K Guite, Secretary, public works department, Government of Assam; J N Sharma, Additional Chief Secretary, Government of Manipur; RR Rashmi, Resident Commissioner, Government of Mizoram Ranbir Singh and additional Chief Engineer, Public Works Department, Government of Tripura Sukamal Bhattacharjee.

�By upgrading these roads we will be able to improve mobility and accessibility for many communities that will help provide new economic opportunities, boost growth and reduce poverty,� said Country Director of ADB�s India Resident Mission M Teresa Kho, who signed the second tranche of the loan under the North Eastern States Roads Investment Programme, on behalf of ADB.

The North Eastern States Roads Investment Programme is designed to reconstruct roads in the North Eastern States.

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